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Search Results 0 to 49 of about 53 (some duplicates have been removed)
. tom's off tonight. americans are waiting to hear from president obama as he gives his state of the union speech. we look at his jobs plan and what wall street wants to hear from the president. and currency wars: g-7 countries say they're looking to boost their local economies, but critics say they're aiming to get ahead by weakening their currencies. that and more tonight on "n.b.r." we're hours away from president obama's state of the union address. americans aren't just listening for what he says but how he says it. will he strike a hopeful or optimistic tone, and will he offer a concrete plan to create jobs and grow the economy? washington bureau chief darren gersh reports. >> reporter: with more than half of americans thinking the economy is still in recession, it makes sense that the president is focused on a jobs agenda in his speech tonight. but while his plan may be new, the challenge is not. >> the economy is not growing fast because the demand for the goods and services that we can produce in this country has not increased very much. and unfortunately, the public s
. waiting for president obama's speech. now despite a cautious day of trading, the dow closed at its highest level in more than five years, and returned to the psychological important 14,000 level. the dow gained 47 points, and the nasdaq lost five, and the s&p 500 up two points. even though the stock market has made dramatic moves, and trading volume today and throughout february has been light. market pros say that's because investors are searching for new reasons to buy equities. there's a chance president obama might give them some tonight in his state of the union address. suzanne pratt has the story. >> reporter: with earnings season winding down, wall street could use some new headlines to chew on. good economic data would be nice. friendly washington politics would also be helpful. tonight's state of the union speech might give investors a clue as to whether that's likely to happen. veteran trader teddy weissberg is hoping president obama will stress the need for bipartisanship but isn't sure that's what he'll hear. >> in terms of tonight, i don't think anybody that i talk to in the
obama's proposal to increase the minimum wage to $9 an hour, up from $7.25. the plan was unveiled in the president's state of the union address last night. and today it re-kindled a nation-wide debate of whether the measure would help or hurt workers and businesses, and the economy. darren gersh reports. >> reporter: supporters of a higher minimum wage increase point to studies showing little impact on employment after the pay at the bottom of the job market goes up. one reason is that employers may actually come out ahead when they are forced to pay workers more. productivity and job satisfaction improve and turnover falls. >> so employers get to reap the benefits of lower hiring and firing costs, lower turnover costs. hiring and firing is actually very expensive to companies, so if you pay people a little higher wage, they have more job stability. that's actually good for everyone. >> reporter: of course, we're talking about economics, which means there are other studies that show a minimum wage hike is most likely to hurt those who need it most. critics point to research showin
gersh, "n.b.r.," washington. >> susie: president obama also used last night's speech to push for an increase in cyber security. his proposal set the stage for a fresh debate on the urgency for cyber-security. the president made the case that america's power grid, financial institutions and air traffic control systems, are vulnerable to attacks. so he's calling on congress to pass legislation to give the u.s. government the capacity it needs to secure our networks. the president also issued an executive order, to create cyber security standards for u.s. businesses, and for the government to share more information about threats. but cyber security experts, say while that sounds easy, it's hard to do. >> you can't just inform one party necessarily, you might really have an obligation as a government to inform every player in a sector, and then of course that's a high bar, because you're sharing the information with a lot of people which increases the likelihood that it might get out back into the wrong hands. >> susie: beckstrom says the threat of cyber attack or manipulation to
tonight on nbr. president obama is preparing to deliver his first state of the union address of his new term, tomorrow. the american people will be listening carefully to his plans to grow the economy, especially as they struggle with less take home pay, and worries about their jobs. while there are signs of improvement in the economy, the unemployment rate rose in january to 7.9%. so what is the current state of the economy? erika miller talked to two experts with different views. >> reporter: it may seem strange to many investors that the stock market can be hovering at five- year highs, when the economy is so weak. but what's fueling the rally is not the current situation, it's hope. >> we've taken out some of the downside tail risks. so, we're feeling like although it's not going to be a boom-y year, at least it will be a year where we can reasonably expect that the economy will continue to, you know, make progress. >> reporter: he expects there will be a continued slow, but steady, fall in the unemployment rate. in addition, the housing market recovery is spreading. >> we've seen a
gersh reports, president obama today asked congress to delay the cuts before the march 1 deadline. >> reporter: with $44 billion in spending cuts in defense and most other federal programs just weeks away, the president urged congress to pass a mix of spending cuts and tax increases to ease the immediate hit. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy, should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes. >> reporter: republicans dismissed the calls for more tax increases, and many argue the threat of the automatic spending cuts known as the sequester are the only way to force democrats to accept more spending cuts. but their leverage may be limited. >> i think we will have the sequester for a short period of time, probably until the first civilian employee of the government is furloughed, which might take about a week. and then, that pain may be enough to cause the people on ca
: joining us now with more on what to expect from president obama's state of the union address, david gordon, head of research at the eurasia group in washington d.c. >> so if you heard from our report, david, it's all about the economy. that's the big interest for most americans. what can the president propose tomorrow that will get the economy moving without some kind of big stimulus plan? >> so i think that the president's going to try to do a couple of things. first he's going to call on others to help him. first es he going to call on the congress to do two things. one, avoid the sequester, avoid the job cuts that will come from the sequester. and come to a balanced program on putting budget issues on the sidelines for the rest of this year. two, pass immigration reform so people have confidence, migrant workers have confidence, or security improves, so es's going to ask the congress. second he's going call on business whose balance sheets are in very good shape. he's going to say now is the time to invest in america. you have waited. you've improved your standing. we need to create job
was the middle class. president obama underlined that in his state of the union address as did republicans in their response. there is wide-spread agreement america needs to do more to ease the anxieties of middle class families. but as darren gersh reports, solutions that help workers climb into the middle class and stay there are easy to talk about, but hard to implement. >> reporter: it may not solve all the problems, but a rapidly growing economy is a good place to start when it comes to creating middle class jobs. a tight labor market makes it possible for workers to demand raises and better benefits. which is why former obama adviser jared bernstein thinks econic austerity ishe wrong medicine to take right now. >> you have public governments across europe and the united states sort of pulling out their fiscal supports too soon and that's hurting the middle class. >> reporter: of course conservatives consider bloated public spending a burden that threatens long-run economic growth which would hurt the middle class. and that's part of the problem, there are sharp differences over the b
company private. >> tom: and president obama makes another push to avoid government spending cuts as deficit watchdogs roll out a plan to reduce government debt. >> susie: we have that and more tonight on "n.b.r." hope and optimism here on wall street today; investors are buying up stocks as a wave of deals sweeps through corporate america. today, investors were enthusiastic about a possible merger between office depot and office max, and they're also keeping score as the major indexes get closer to new records. the dow is a little more than 100 points from its all-time high set back in 2007, and the s&p needs only 30 points to break its milestone. the dow rose almost 54 points, the nasdaq rising 22, and the s&p added 11 points. suzanne pratt now looks at who benefits from "deal mania." >> reporter: wall street bankers are off to a busy start this year as corporate america is feeling the urge to merge. from the american airlines-u.s. airways deal to warren buffet's ketchup acquisition, multibillion-dollar marriages are fast and furious. there's even an office romance brewing betwe
, the war of words over the sequester continued. president obama called on the nation's governors today to pressure lawmakers over the sequester, saying citizens of their states will be out of work. the american people are out there ef row day meeting their responsibilities, giving it their all to provide thor their families and their communities. a lot of are you doing the same things in your respective states. we need that same kind of attitude here in washington. at the very least the american people have a right to expect that from the representatives. >> we've got more on this from darren gersh. he spoke with one of the republican leaders in the u.s. house today. cathy mcmorris rogers. we began by asking whether the sequester will actually happen. >> i hope not. we'll see. march 1st is right around the corner. and what we need is for the president and the democratic senate to sit down and come up with a proposal to replace the sequester with a smarter approach to cutting the federal government. it's 2.4% over the next ten years. >> what is going to happen under the sequester and al
like you. >> deborah: with president obama taking the conversation on gun control to the road, the debate is heating up and lots of your favorite stars are getting in on the discussion. >> celebrities joined the call for stricter gun laws in washington today. >> i still haven't gotten over connecticut. >> music legend tony bennett joined actress amanda peat and chris rock at a press conference with gun control advocates. >> i am just here to support the president of the united states. >> other famous personalities are expressing opposition to more gun control. in an interview, bruce willis said if you take one out or change one law, then why wouldn't they take all your rights away from you? meanwhile, kim kardashian is being called a hypocrite today after tweeting this photo of a diamond encrusted designer handgun. the irony is that just a few weeks ago kim encouraged her twitter foll pledge to combat gun violence. >> deborah: kardashian deleted the photo after she became aware of the controversy around it. back with more "inside edition" after this. >>> still to come -- the c
be a distant third at 29%. antitrust expert barry lynn hopes the suit means the obama administration is finally willing to fight a broader trend towards consolidation across industries. >> the president can really set a tone here, the attorney general can set a tone, the head of the antitrust division can set a tone. and the tone can be we're not going to accept the kind of consolidation we've seen over the last 15, 20 years. >> reporter: but the merger's ecnomoic payoff for anheuser busch is largely about what happens outside the united states. >> they believe there are great efficiencies to be had in mexico and in other markets in the world where corona is underdeveloped. so the primary focus of the deal for their $20 billion is what they can make in mexico and what they can do outside the u.s. >> reporter: anheuser-busch inbev offered to sell of it's interest inn importing arm nstlati bras anmake the company the sole importer of corona beer for ten years. but the justice department says that solution does not go far enough. darren gersh, "n.b.r.," washington. >> susie: on wall street today,
.com and back here tomorrow night. >>> president obama urges seizing this moment to overhaul our nation's immigration laws. >> now is the time to find a better way to welcome the striving, hopeful immigrants who still see america as the land of opportunity. >> what does this mean for california? from the central valley to silicon valley? >>> and san francisco implements a controversial law. it enables court-ordered treatment for mentally ill patients at risk of becoming violent. >> these folks are a danger to themselves and to others. >>> plus, the 49ers gear up for the super bowl. a report from new orleans. coming up next. >>> good evening. i'm viviana ritado. welcome to "this week in northern california." what happens or doesn't happen in washington on immigration this year will have a big impact here in california.
capal managent. >> tom: president obama is once again pushing for a big deal to reduce the deficit. in a preview of the themes he'll lay out in next week's state of the union address, the president told house democrats today he'd press for a big agenda covering everything from fairness, and jobs to deficits and debt. darren gersh has more. >> reporter: with just a few weeks to go before automatic across the board spending cuts kick in, the president told fellow democrats his state of the union address next week will call for a change in course. >> i am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks, or every two months, or every six months, we are threatening this hard-won recovery. >> reporter: republicans may not applaud during that part of the speech. they've blasted the president for offering symbolic solutions like a tax on corporate airplanes that would raise enough money to cover one month week of the automatic spending cuts know collectively as the sequester. given the stand off, analysts now predict th
to protect shareholders from who promotes its products? harsh words today from president obama about budget cuts. he called on congressional republicans to avoid automatic spending cuts, the so-called "sequester" that kicks in on march 1. he said this "meat cleaver approach" will hurt the economy and hundreds of thousands of americans will lose jobs. the president got some backing from budget hawks erskine bowles and alan simpson. they were back in the news today with a new plan to sharply reduce federal spending. darren gersh reports. >> reporter: the president was flanked by emergency responders who'd be hit hard if automatic spending cuts take effect on march 1, and he placed the blame on republicans. >> so far, at least what they've expressed is a preference where they'd rather have these cuts go into effect than close a single tax loophole for the wealthiest americans. not one. >> reporter: as the clock ticks down to the sequester, democrats and republicans are hunkered down for a fight. even so, budget commission co- chairs alan simpson and erskine bowles tried to push both sides to t
Search Results 0 to 49 of about 53 (some duplicates have been removed)